What are valuation area, valuation category and valuation class?
Answers were Sorted based on User's Feedback
Answer / b.umaselvan - it p
Valuation area is the level at which the material stocks
are valuated (Value Basis). It can be either company Code
or Plant.
Valuation category is the criteria for defining partial
stocks.
Valuation class is to group the materials to assign to a
set of GL Accounts.
Is This Answer Correct ? | 72 Yes | 1 No |
Answer / bhanu charan
valuation class: You group together different materials
with similar properties into valuation classes so that you
do not have to manage a separate stock account for every
material.
Which valuation class a material can be assigned to depends
on the material type. You can define the following
assignments in Customizing:
* All materials with the same material type are assigned
to just one valuation class.
* Different materials with the same material type are
assigned to different valuation classes.
* Materials with different material types are assigned
to a single valuation class.
A material is assigned to a valuation class in the material
master record. The system checks whether the material type
allows the material to be assigned to the valuation class
specified.
The system refers to the valuation class of a material to
determine which stock account to post to when a posting is
made for this material.
Valuation Area::::
Organizational level at which material valuation is carried
out. You can define a valuation area as follows:
* Valuation area = company code
All stocks of a particular material in this company code are
valuated together.
* Valuation area = one plant
The stocks of a particular material in this individual plant
are valuated together. Stocks in other plants are not
included in this valuation area.
You define in Customizing the level at which valuation
should take place.
Valuation Category:::
Criterion according to which split valuation is carried out:
* Procurement
You can valuate a material differently depending on whether
it is manufactured in-house or procured externally.
* Origin
You can valuate a material differently depending on where it
comes from (such as home or abroad).
* Status
You can valuate a material differently depending on its
status (such as new, used, repaired).
You define the valuation categories in Customizing. A
material is assigned a valuation category in the material
master record.
Is This Answer Correct ? | 27 Yes | 1 No |
Answer / guest
valuation area is generally company or plant
valuation category -split valuation is applicable or not
Valuation class- whether the materiasl fall in to which
category for simpification such as raw materials,semi
finished goods like that
Is This Answer Correct ? | 31 Yes | 12 No |
Answer / alok
1.Valuation area is nothing but it is valueted on Plant and
company level.
2. Valuation category means split valuation value,Its means
criteria stock can be valuated.
3.Valuation class detrmines the G/L account to be posted
automatically
Is This Answer Correct ? | 14 Yes | 3 No |
Answer / jintojoy
i think the valuation area is the level at which the
material stocks
are valuated (Value Basis). It can be either company Code
or Plant.
Valuation category is the criteria for defining partial
stocks.
Valuation class is to group the materials to assign to a
set of GL Accounts.
Is This Answer Correct ? | 5 Yes | 2 No |
Answer / zenyena
Valuation area refers to the location where the material
valuation happens( i.e the area where the MRP for the
material is set) .This location is most commonly at the
plant level.The MRP so set is then consolidated at compamny
level for inventory managament.
Is This Answer Correct ? | 2 Yes | 7 No |
Answer / subramanian
Valuation Class can also be explained as below,
you assign the valuation by a Code whether it is
Imported material,
Inhouse manufactured,
Locally Procured
Each of the above the Valuation Class will be Linked to
an GL account to calculate the Costing
Is This Answer Correct ? | 11 Yes | 17 No |
Answer / bichi
Valuation means to give priority to the goods or stocks .
There are two methods for valuation category .
1- ABC analysis that is Always Better Control .
2- VED that is Vital Essential Desirable .
Is This Answer Correct ? | 4 Yes | 32 No |
Explain the concept of split valuation and when can it be used? What are the settings required?
if suppose i m giving sample to store to quality and after one day this stock is unrestricted then quality people wants take another sample on same material suppose stock was 100 kg n in quality i was giving them 1 kg then after a day 99 kg was unrestricted ok, then they decided wants to need another sample 1 kg then what i m doing so pls tell me with transaction code???
Explain the mm flow with tcodes & tables?
Hello SAP MM trainers,I am a SAP MM consultant working for MNC in Hyderabad, India and have good experience in domain and SAP MM. I am being forced by my company’s client to show them my SAP MM certification. Now my company is insisting me to write the certification exam. I can write the exam without going to SAP certified institute as my company is SAP partner, but I am not confident that I will pass the exam. As I am working odd hours and family commitment, I do not want to go to SAP certified institute. I am looking for a trainer who is experienced in real life projects (not a full time trainer with bookish knowledge) and certified in SAP MM and willing to train me in couple of weeks so that I can pass the certification in first attempt. Please email sapmmexam@gmail.com
What is a profit center?
Where is material master data saved?
What are the commonly used movement types in sub-contracting process?
Where is the header level and item level data saved in a po?
What journal entry pass in the system when MIGO and MIRO occured?
Q. What is GR blocked stock? When it can be used? Q. How do you plan for a vendor rating system and move about? Q. How do you make variants? Q. How to inventory excise duty in SAP? Q. What is meant by consignment stock? Q. What are the steps in automatic account assignment configuration? Q. Tell me about the subcontracting cycle. Q. What is meant by batches? How can the batches be searched? Q. What is meant by MRP Type and lot sizing? Q. Is it possible to have scales in a quotation? Q. How are the variations in subcontracting taken care of in SAP? Q. How is an item with serial no. managed? Q. What are the types of tables in SAP? Q. What are the documents generated in the MIGO 101 movement type? What are the accounts hit? Q. Can it be configured in such a way that the external requisitions can also be taken into account while MRP runs in consumption-based planning if VB is selected as MRP type? Q. Can anyone give an overview on Account Determination? Q. WHAT R ALL THE LEVELS INFORECORDS R MAINTAINING? Q. What is difference between "terms of payment" and "payment terms" Fields are available in vendor master purchasing view and accounting view respectively. System can take two different values for same vendor? Why different values are maintained? Q. Can any one explain the following in length ACCOUNT MODIFIERS, SPLIT VALUATION, VARIANCES, TRANSACTION EVENT KEY? Explanation with an example would help me a lot. Q. A P.O has 50 items all the 50 items have the same price. Instead of entering the price for each item 50 times is there any option in SAP where the common price can be entered in one go? Q. Can anyone describe the batch management process? Q. What are the steps involved in creating a pricing procedure? Q. How is scrap accounted in subcontracting? Q. How does the system calculate taxes? Q. What is meant by MRP Type and lot sizing? Q. What is a reference purchase organization? When can it be used? Q. Explain the concept of split valuation and when can it be used? What are the settings required? Q. What are valuation area, valuation category and valuation class? Q. What is meant by a credit memo? Q. What is meant by a release strategy? Q. What are the tools available for data migration in SAP? Q. What is LSMW? Q. What is the difference between LSMW and CATT? Q. How do you plan for a vendor rating system and move about? Q. I am doing sap mm, i have a question, do consultants copy n save from sap std.1000 in real time too? Q. What is float purchase organization? Q. How many finance documents will system generates when goods receipt from subcontracting made? Q. How we create a new material type and how to assign G/L account to it? Q. How we will differentiate a STO and a standard purchase order with a glance? Q. What is the difference between BSX and BSA? Q. If suppose i m giving sample to store to quality and after one day this stock is unrestricted then quality people wants take another sample on same material suppose stock was 100 kg n in quality i was giving them 1 kg then after a day 99 kg was unrestricted ok, then they decided wants to need another sample 1 kg then what i m doing so pls tell me with transaction code??? Q. How to give another test sample to quality on same material after few days? Please tell me with transaction code???? Q. How a support individual will receive Tickets/issues from client? Q. wht is the diff between partner function and partner type? Q. wht is the use of account modifier in automatic account determination? Q. in stock detrmination.wht is header table and item table? Q. whr in inforecord you can see the quantum price? Q. What is Diffrance Between Batch No. & Serial No.
What is the difference between planned and unplanned services?
What is the difference bet standard & reference purchasing organization?